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May 22, 2024, 7:15 PM
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Top News

Kif Leswing / CNBC:
Nvidia reports Q1 revenue up 262% YoY to $26.04B, vs. $24.65B est., forecasts Q2 revenue above estimates, and announces a 10-for-1 stock split  —  Nvidia shares topped $1,000 for the first time in extended trading on Wednesday after the chipmaker reported fiscal first-quarter results that topped analyst estimates.
André Beganski / Decrypt:
The US House passes the Financial Innovation and Technology for the 21st Century Act, or FIT21, which would create a regulatory framework for digital assets  —  Dubbed the Financial Innovation and Technology for the 21st Century Act, or FIT21, the measure was approved by the House of Representatives with a 279-136 vote.
Wall Street Journal:
News Corp and OpenAI announce a multiyear agreement to bring News Corp's news content to OpenAI; sources: the deal could be worth $250M over five years  —  Agreement could generate over $250 million over five years for News Corp in cash and credits  —  Wall Street Journal owner News Corp struck …
Kurt Wagner / Bloomberg:
Zuckerberg creates the Meta Advisory Group with Patrick Collison, Nat Friedman, Tobi Lütke, and Charlie Songhurst, to advise on tech and growth opportunities  —  - Stripe's Collison, Shopify's Lütke among new advisers  — Group to guide Meta on tech, strategic growth opportunities
David Shepardson / Reuters:
US FCC Chairwoman Jessica Rosenworcel proposes requiring the disclosure of content generated by AI in political ads on radio and TV, citing the use of deepfakes  —  U.S. Federal Communications Commission Chairwoman Jessica Rosenworcel on Wednesday proposed requiring disclosure of content generated …
Kate Rooney / CNBC:
Sources: Amazon plans to launch a more conversational Alexa with generative AI features later in 2024, and charge a monthly subscription to offset the cost  —  WATCH NOW  —  Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge …
Isabelle Bousquette / Wall Street Journal:
Cologne-based AI translation startup DeepL, which develops its own models, raised $300M led by Index Ventures at a $2B valuation and reports 100K+ customers  —  The round, led by Index Ventures, reflects businesses' increasing interest in function-specific AI models
Aisha Malik / TechCrunch:
TikTok launches its Symphony AI suite for brands, using generative AI to let marketers write scripts, produce videos, and enhance current assets  —  TikTok is the latest tech company to incorporate generative AI into its ads business, as the company announced on Tuesday that it's launching a new “TikTok Symphony” AI suite for brands.
Austin Weinstein / Bloomberg:
Intercontinental Exchange, which owns the NYSE, agreed to pay $10M to settle SEC allegations that it failed to immediately tell the agency about a hack in 2021  —  The SEC said that in April 2021 ICE learned that its virtual private network had been hacked by a “threat actor.”
Emma Roth / The Verge:
Bluesky now lets users send DMs and says it's working on adding support for messages with images and end-to-end encryption  —  Bluesky will now let you send a direct message to other users.  For now, you can only send messages containing text, but Bluesky is working on adding support for images and videos.
Imran Rahman-Jones / BBC:
The UK ICO is “making enquiries with Microsoft” over the company's Recall feature, which some privacy campaigners have called a potential “privacy nightmare”  —  The UK data watchdog says it is “making enquiries with Microsoft” over a new feature that can take screenshots of your laptop every few seconds.
Dominic-Madori Davis / TechCrunch:
Techstars CEO Maëlle Gavet says she is leaving at the end of May for health reasons; Techstars co-founder and board chairman David Cohen will become the new CEO  —  Techstars CEO Maëlle Gavet announced on LinkedIn that she is leaving the company at the end of the month for health reasons.
Bloomberg:
Sources: Humane is seeking a buyer for its business, after the rocky launch of its Ai Pin; a source says the startup, founded in 2018, is seeking $750M to $1B  —  - Humane's AI pin was billed as an alternative to smartphones  — AI hardware product received poor reviews after its launch

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This is a Techmeme archive page. It shows how the site appeared at 7:15 PM ET, May 22, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Tyler Falk / Current:
NPR is overhauling its dues model so that fees are based on news stations' broadcast reach rather than donor revenues and projects dues will fall 15% to 18%

Connor Hart / Wall Street Journal:
Hasbro launches Sixth Wall, an AI studio working with ElevenLabs and voice actors to create and license AI-native versions of its characters and franchises

Amos Barshad / Columbia Journalism Review:
Some right-wing news influencers are using Meta's Ray-Ban sunglasses as a recording tool that unwilling subjects may not be aware of, leading to tension

More News

Sam Biddle / The Intercept:
Doc: WhatsApp staff warned of traffic analysis flaws where attackers may reveal who is in a conversation; Meta calls them theoretical and not unique to WhatsApp
Wired:
An investigation into ticketing service Eventbrite found 7,400+ illicit listings, such as for escort services and drugs, some of which its algorithm recommended
Charlie Warzel / The Atlantic:
OpenAI's Scarlett Johansson debacle is merely a reminder of AI's manifest-destiny philosophy: “This is happening, whether you like it or not”, consent be damned

Earlier Picks

Manish Singh / TechCrunch:
Paytm parent One 97 Communications reports a ~$66.1M net loss in Q4, up from ~$20.11M in Q4 2023, on ~$272.4M in revenue, as it faces a regulatory clampdown
Stephen Nellis / Reuters:
AWS says the transition from Nvidia's Grace Hopper to Blackwell chips applies only to Project Ceiba, a supercomputer that AWS and Nvidia are building together
Mimi Billing / Sifted:
London-based LabGenius, which uses ML to find and design antibody therapies to treat cancer, raised a £35M Series B led by Merck's VC arm, M Ventures
Steven Levy / Wired:
Anthropic researchers detail attempts to peer inside the “black box” of LLMs, learning which combinations of neurons evoke specific concepts
Bradley Keoun / CoinDesk:
Farcaster, an Ethereum-based social media project, raised $150M led by Paradigm, with participation from a16z and others, and reports “350,000 paid sign-ups”
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